Nucor Corporation $NUE Stock Bought by Park Avenue Securities LLC

Park Avenue Securities LLC grew its stake in Nucor Corporation (NYSE:NUE) by 36.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 15,626 shares of the basic materials company’s stock after buying an additional 4,209 shares during the quarter. Park Avenue Securities LLC’s holdings in Nucor were worth $3,653,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NUE. WESPAC Advisors LLC lifted its stake in shares of Nucor by 13.8% in the third quarter. WESPAC Advisors LLC now owns 3,866 shares of the basic materials company’s stock worth $904,000 after buying an additional 468 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of Nucor by 7.2% in the third quarter. Verdence Capital Advisors LLC now owns 4,119 shares of the basic materials company’s stock valued at $963,000 after buying an additional 277 shares during the period. B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of Nucor during the 3rd quarter worth approximately $251,000. Apollon Wealth Management LLC boosted its stake in Nucor by 4.0% during the third quarter. Apollon Wealth Management LLC now owns 6,429 shares of the basic materials company’s stock worth $1,503,000 after buying an additional 246 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC increased its holdings in Nucor by 5.0% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 4,891 shares of the basic materials company’s stock valued at $1,143,000 after buying an additional 234 shares during the period. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insider Activity at Nucor

In related news, EVP Thomas Batterbee sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the completion of the sale, the executive vice president directly owned 16,138 shares of the company’s stock, valued at $4,212,340.76. The trade was a 19.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.62% of the stock is currently owned by corporate insiders.

Nucor Trading Up 1.3%

NUE stock opened at $275.32 on Friday. The business has a fifty day moving average price of $253.14 and a 200 day moving average price of $222.89. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.46 and a quick ratio of 1.36. Nucor Corporation has a fifty-two week low of $140.93 and a fifty-two week high of $280.11. The stock has a market capitalization of $62.47 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 0.67 and a beta of 1.84.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, October 26th. The basic materials company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.84 by ($0.04). Nucor had a return on equity of 15.53% and a net margin of 9.26%. The company had revenue of $11.25 billion for the quarter, compared to analyst estimates of $10.84 billion. During the same quarter last year, the company earned $2.63 EPS. The firm’s quarterly revenue was up 32.0% on a year-over-year basis. Analysts expect that Nucor Corporation will post 19.59 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Wednesday, September 30th will be issued a $0.56 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.24 annualized dividend and a yield of 0.8%. Nucor’s dividend payout ratio (DPR) is currently 14.26%.

Analyst Upgrades and Downgrades

NUE has been the subject of a number of recent research reports. Morgan Stanley set a $270.00 price objective on shares of Nucor in a research note on Wednesday, July 29th. Bank of America lowered their target price on shares of Nucor from $290.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. The Goldman Sachs Group reissued a “buy” rating and issued a $335.00 target price on shares of Nucor in a research note on Wednesday. Wells Fargo & Company raised their price target on shares of Nucor from $280.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on Nucor from $296.00 to $304.00 and gave the company an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nucor currently has an average rating of “Moderate Buy” and an average price target of $282.57.

Key Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Strong Q3 revenue and demand outlook: Nucor reported $11.25 billion in third-quarter revenue, up 32% year over year and ahead of expectations. Management described demand as the strongest in the CEO’s 31 years with the company, supported by data centers, power-grid investment, infrastructure and other end markets. Nucor’s CEO Says He’s Seeing the Strongest Steel Demand in His 31 Years at the Company
• Positive Sentiment: 2027 growth drivers are gaining visibility: Nucor expects improving steel prices and greater contributions from recent investments and newly added capacity. Tariff protection could also support domestic pricing and volumes, strengthening the outlook beyond the current quarter. Nucor: Tariff Tailwinds And New Capacity Set Up A Stronger 2027
• Positive Sentiment: Analyst support increased: JPMorgan raised its price target to $304 from $296 and maintained an overweight rating, while Barclays lifted its target to $320 from $306. The revisions indicate that analysts see further upside after the earnings-driven rally.
• Neutral Sentiment: Near-term guidance is constructive but measured: Management expects fourth-quarter results to be in line with or modestly above the third quarter, suggesting continued momentum but not an acceleration comparable to the latest quarter. Nucor Q3 Earnings Call Highlights Strong Demand and 2027 Growth
• Negative Sentiment: Costs and execution remain risks: Despite the revenue beat, quarterly EPS of $5.80 narrowly missed the $5.84 consensus estimate. Management also cited cost and shipment pressures, which could limit margins if steel prices or operating performance weaken.

Nucor Profile

Nucor Corporation is a steel producer headquartered in Charlotte, North Carolina. Through its operating subsidiaries, the company manufactures steel and steel products for customers in construction, automotive, energy, heavy equipment, transportation and other industrial markets.

Nucor’s operations include electric arc furnace steel mills, which produce carbon, alloy and galvanized steel products. Its product portfolio includes sheet steel, plate, beams, bars, wire and wire mesh, steel joists, deck, piling, fabricated concrete reinforcing steel and other downstream products.